Showing 1 - 10 of 447
communication about future interest rate decisions based on information from the Internet and news sources. We apply the methodology …
Persistent link: https://www.econbiz.de/10012463283
welfare gains highly uncertain. We show that for time-intensive goods like the Internet, a simple model in which both … use and the opportunity cost of people's time (i.e., the wage). The theory predicts that higher wage internet subscribers …. Based on expenditure and time use data and our elasticity estimate, we calculate that consumer surplus from the Internet may …
Persistent link: https://www.econbiz.de/10012466675
We use Adobe Analytics data on online transactions for millions of products in many different categories from 2014 to 2017 to shed light on how online inflation compares to overall inflation, and to gauge the magnitude of new product bias online. The Adobe data contain transaction prices and...
Persistent link: https://www.econbiz.de/10012453070
networking devices and the Internet in the 1990s and 2000s magnified these challenges, as illustrated by the deployment of the … descendent of the NCSA HTTPd server, otherwise known as Apache. This study asks whether this experience could produce measurement … rate or return from IT spillovers from the invention of the Internet, and to a large potential undercounting of "digital …
Persistent link: https://www.econbiz.de/10012459156
Persistent link: https://www.econbiz.de/10000580665
"In this paper we propose a new approach to international comparisons of real GDP measured from the output-side. The traditional Geary-Khamis system to measure real GDP from the expenditure-side is modified to include differences in the terms of trade between countries. It is shown that this...
Persistent link: https://www.econbiz.de/10010522867
A pervasive concern with the use of self-reported health and disability measures in behavioral models is that they are biased and endogenous. A commonly suggested explanation is that survey respondents exaggerate the severity of health problems and incidence of disabilities in order to...
Persistent link: https://www.econbiz.de/10012471248
The standard of living in the industrialized nations has been steadily increasing over the last few decades. Yet some observers wonder whether we are really getting any happier. This paper addresses that question by examining well-being data on 100,000 randomly sampled Americans and Britons from...
Persistent link: https://www.econbiz.de/10012471289
This paper discusses how optimal monetary policy is affected by differences in the combination of shocks an economy experiences and the rigidities it exhibits. Without both nominal rigidities and economic shocks, monetary policy would be irrelevant. Recognizing this, policymakers increasingly...
Persistent link: https://www.econbiz.de/10012471294
our ignorance,' with ample scope for measurement error. Another source of controversy arises from sins of omission, rather … measurement …
Persistent link: https://www.econbiz.de/10012471305